What expense category does prototype development come under?
There is no definitive answer to this question, as it will depend on the specific business and their accounting practices. However, some possible expense categories that prototype development could come under include:
- Research and Development: This is a common category for prototype development, as the prototypes are typically created in order to test new ideas or products.
- Marketing: Another possibility is to classify prototype development under marketing expenses. This is because prototypes are often used to test marketing campaigns or strategies.
- Product Development: This is another common category for prototype development, as prototypes are a key part of the product development process.
Ultimately, the best expense category for prototype development will depend on the specific business and their accounting practices. The important thing is to ensure that the expenses are properly tracked and accounted for.
